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THE BANK FOR CORPORATES
Notes
42
Acquisition cost in EUR m Investment
EUROPOLIS CE Beta Holding GmbH, Vienna 7.4 65 %
EUROPOLIS CE Gamma Holding GmbH, Vienna 0.0 65 %
Europolis E30 Holding Sp. z o.o., Warsaw 5.5 65 %
E30 Industrial Center I Sp. z o.o., Warsaw 3.0 65 %
E30 Industrial Center II Sp. z o.o., Warsaw 3.3 65 %
Europolis Invest Immobilien Management GmbH, Vienna 0.0 100 %
EUROPOLIS INVEST Management s.r.o., Prague 0.0 100 %
KA Beteiligungsholding GmbH, Vienna 88.0 100 %
RCP Alfa s.r.o., Prague 5.3 65 %
Europolis Saski Holding Sp. z o.o., Warsaw 13.5 65 %
Saski Park Sp. z o.o., Warsaw 14.4 65 %
VBV beta Anlagen Vermietung Gesellschaft mbH, Vienna 20.0 100 %
VBV Holding GmbH & Co Immobilien-Investitionen OHG, Vienna 0.0 100 %
VBV Holding GmbH & Co Immobilien-Vermietungen OHG, Vienna 1.7 100 %
In the financial year, the following 6 companies were no longer included in the group of fully consolidated enterprises due to mergers
with other fully consolidated enterprises:
Acquisition cost in EUR m Investment
Europolis Holding s.r.o., Prague 0.0 100 %
E.I.P. Beteiligungs Gesellschaft mbH, Vienna 4.1 100 %
Warsaw Tower Sp. z o.o., Warsaw 25.2 100 %
Europolis Invest Immobilieninvestitions Gesellschaft mbH, Vienna 23.7 100 %
RCP Beteiligungsverwaltungs-Gesellschaft mbH, Vienna 7.6 100 %
VBV fünf Anlagen Vermietung Gesellschaft mbH, Vienna 1.3 100 %
32 enterprises whose overall influence on the financial position of the Group is of minor significance only were not consolidated. The
total assets of these enterprises amount to less than 2.0% of the Group’s total assets. In the Investkredit Group’s financial statements,
10 associates (10 in the previous year) were accounted for under the equity method. In the financial year, no companies were
included for the first time. Nine investments in associates are accounted for at cost because of their overall minor significance.
(3) CONSOLIDATION PRINCIPLES. The consolidation action taken in the context of preparing the Group Financial Statements
includes capital consolidation, consolidation under the equity method, debt consolidation, the consolidation of expenses and income
and the elimination of intra-Group results. The fully consolidated enterprises present their annual financial statements uniformly as of
31 December. Capital consolidation is carried out at cost. In that process, the acquisition costs for investments in the Group company
are offset against the proportionate equity capital of the subsidiary at the time of acquisition. Intra-Group receivables, liabilities,
expenses and income as well as intra-Group profits are eliminated, unless they are of minor significance. Associates are accounted for
under the equity method and are reported under financial investments as investments in enterprises accounted for under the equity
method. Local financial statements are used for valuation under the equity method. Alignment with the uniform Group valuation
methods is undertaken only in the event of significant measurement differences in leasing business, but not otherwise. The annual
results of associates are taken from the latest annual financial statements available, allowing for current forecasting, so that changes
in equity are reflected in the same year. Dividends distributed are cancelled. Annual profits are shown in the income statement under
Other investment earnings.
(4) CURRENCY TRANSLATION. In the case of the euro-currencies, the exchange rates correspond to those published by the European
Commission on 31 December 1998. Assets and liabilities in other currencies (third currencies) are translated at the rate recommended
by the European Central Bank as at the balance sheet date (28 December 2001):
Currency AUD CAD CHF CZK DKK GBP HUF JPY NOK PLN SEK USD
Mid exchange 1.7280 1.4077 1.4829 31.962 7.4365 0.6085 245.18 115.33 7.9515 3.4953 9.3012 0.8813
rate